The dollar recovered marginally on cautious optimism over U.S. trade deals.
The European Union and U.S. are nearing a trade deal that includes a 15% tariff on EU goods, The Wall Street Journal reported. The EU has approved a package of retaliatory tariffs if no deal is reached. Earlier in the week the U.S. announced a trade deal with Japan.
The currency remains weak, however, as uncertainty remains elevated before the August 1 deadline for tariffs. Concerns also linger about Federal Reserve independence.
